Property Overview: 416 Parr Street, Winnipeg
Key Characteristics & Appeal
This is a spacious, century-old home in Winnipeg's Inkster-Faraday neighbourhood, offering a distinct value proposition. Its primary appeal lies in its generous 1,632 sqft of living space, which ranks in the top 6% of homes on Parr Street and the top 4% within the local area, providing significantly more room than many neighbouring properties. The home features a classic two-and-a-half storey layout with a detached garage and an unfinished basement, presenting a canvas for customization.
The property suits practical buyers looking for space and value over modern finishes. It’s ideal for an investor seeking a character rental, a handy homeowner ready to take on gradual updates, or a family needing ample room at an accessible price point. A thoughtful perspective is that its above-average size for the immediate area offers a relative sense of privacy and room to grow, which is uncommon in its price range. However, buyers should be prepared for the realities of a 1913 build, including potential maintenance and systems updates. The assessed value is notably below the citywide average, highlighting its affordability but also reflecting its age and the neighbourhood's market position.
Frequently Asked Questions
1. What is the actual sold price history?
Exact sold prices are not publicly displayed online. The available data indicates a sale in April 2016 in the range of $16.5k to $19.5k. You can request the precise historical sale figures by emailing the listing service.
2. How does the living area compare to nearby homes?
The living space is a standout feature. It is larger than approximately 94% of homes in the Inkster-Faraday area and 94% of homes on Parr Street itself, making it a notably spacious option in this locale.
3. What does the "below average" citywide assessed value mean?
While the assessed value is around average for its immediate neighbourhood, it ranks in the bottom 11% citywide. This primarily indicates a much lower valuation than the Winnipeg average (which is around $390k), reflecting the home's age, location, and the city's broad spectrum of property values.
4. Is the basement finished?
No, the basement is noted as "not renovated," meaning it is unfinished. This presents both a storage/utility space and a future opportunity for development.
5. How does the lot size compare?
The land area is approximately 3,001 sqft, which is fairly typical for both Parr Street and the Inkster-Faraday neighbourhood but is smaller than the majority of lots across the entire city.